ECB extends asset purchases to March 2017 or beyond and cuts deposit rate

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The European Central Bank (ECB) will keep its asset purchase programme running until at least March 2017, as part of a package of new easing measures unveiled today (December 3). Markets were left disappointed, however, by the decision not to increase the amount bought each month from €60 billion ($65 billion).

Another change sees the ECB include some "debt instruments" issued by regional and local governments in the sphere of eligible assets. It will also reinvest the principal payments of all

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